Tunwal E-Motors CMD Jhumarmal Tunwal appointed VP of SME Chamber

1 min read     Updated on 20 Jul 2026, 09:39 PM
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Tunwal E-Motors Limited's Chairman & Managing Director, Jhumarmal Tunwal, has been appointed Vice President of the SME Chamber of India, effective July 18, 2026. The appointment recognises his contributions to the MSME sector and electric mobility. In this role, he will focus on policy advocacy, technology adoption, and enhancing the global competitiveness of Indian enterprises.

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Tunwal E-Motors Limited announced on July 18, 2026, that its Chairman & Managing Director, Jhumarmal Tunwal, has been appointed as the Vice President of the SME Chamber of India. This appointment recognises Tunwal's significant contributions to entrepreneurship, manufacturing excellence, and the growth of the Micro, Small and Medium Enterprises (MSME) sector in India. The development underscores the company's leadership influence within the broader business ecosystem.

The appointment was made by Chandrakant Salunkhe, Founder & President of SME Chamber of India and Manufacturers & Exporters Association of India (MEAI). Tunwal E-Motors submitted this information voluntarily to the National Stock Exchange of India as part of its corporate governance disclosures. The company stated that the move highlights the industry's recognition of its executive's role in advancing electric mobility and sustainable manufacturing.

Strategic Focus Areas

As Vice President, Jhumarmal Tunwal is tasked with several key objectives aimed at strengthening the MSME sector. His mandate includes promoting entrepreneurship, supporting MSME development, and advocating for progressive policy reforms. The role also involves encouraging technology adoption and facilitating access to finance for smaller enterprises.

Tunwal will work towards strengthening the competitiveness of Indian enterprises in both domestic and global markets. His leadership at Tunwal E-Motors has been marked by the company's emergence as a rapidly growing electric vehicle manufacturer with an expanding presence across the country.

Executive Commentary

Speaking on the appointment, Jhumarmal Tunwal emphasised the critical role of MSMEs in the national economy. He stated that the sector is the backbone of India's economy and a driving force behind innovation, employment generation, and economic growth. He expressed his commitment to working closely with the Chamber, industry leaders, and policymakers to build a stronger and globally competitive MSME ecosystem.

About the Organisations

Entity Description
SME Chamber of India A national organisation dedicated to the promotion and development of Micro, Small and Medium Enterprises. It works with governments and financial institutions to support policy advocacy, capacity building, and exports.
Tunwal E-Motors Limited An Indian electric vehicle manufacturer engaged in the manufacturing and marketing of electric two-wheelers. The company focuses on innovative and sustainable mobility solutions.

Historical Stock Returns for Tunwal e-Motors

1 Day5 Days1 Month6 Months1 Year5 Years
-2.25%-2.43%-6.96%-9.71%-12.14%-57.15%

How will Tunwal E-Motors leverage this leadership position to influence future government policies regarding the electric vehicle MSME sector?

Could this new role lead to strategic partnerships between Tunwal E-Motors and other SME Chamber members to enhance supply chain efficiencies?

What specific policy reforms is Tunwal likely to prioritize to accelerate technology adoption among smaller EV manufacturers?

Tunwal FY26 revenue surges 55% to ₹276.84 crore

1 min read     Updated on 02 Jun 2026, 10:03 AM
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Tunwal E-Motors Limited reported a strong financial performance for FY26, with revenue from operations rising 55% to ₹276.84 crore and Profit After Tax increasing to ₹12.73 crore. The company's consolidated net worth strengthened to ₹125.74 crore, supported by a 55% revenue growth that outpaced the broader electric two-wheeler market. Additionally, CRISIL upgraded the company's credit rating to CRISIL BBB-/Stable for facilities amounting to ₹60.00 crore.

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Tunwal E-Motors Limited reported a 55% year-on-year increase in revenue from operations to ₹276.84 crore for the financial year ended March 31, 2026, driven by expanding market presence and deeper distribution reach. Profit After Tax (PAT) rose to ₹12.73 crore, while the company's consolidated net worth strengthened to ₹125.74 crore, providing a foundation for future growth initiatives. The audited standalone and consolidated financial results were approved by the Board of Directors at a meeting held on May 25, 2026.

Financial Performance

The company’s total income for FY26 stood at ₹278.26 crore, up from ₹184.87 crore in the prior year. Total expenses for the period were ₹261.24 crore, compared to ₹169.57 crore in FY25. The earnings per share (EPS) for the year was ₹2.21. The profit before tax for the year was ₹17.02 crore, compared to ₹15.30 crore in the previous year.

Metric FY26 (₹ in Crore) FY25 (₹ in Crore)
Revenue from Operations 276.84 178.59
Total Income 278.26 184.87
Total Expenses 261.24 169.57
Net Profit 12.73 11.86
Earnings Per Share (Basic) 2.21 2.32

Corporate Governance and Appointments

The Board appointed M/s. Brijesh S. Chandak, Chartered Accountants, as Internal Auditors for the financial year 2026-2027. Additionally, Pushpak B Mundada & Associates, Chartered Accountants, were appointed as Tax Auditors for the same period. Both appointments were effective from May 25, 2026, based on the recommendation of the Audit Committee. The Board accepted the resignation of Mr. Nagraj Mujumdar as an Independent Director with effect from May 25, 2026, citing pre-occupation with other personal commitments.

Credit Rating Upgrade

CRISIL Ratings Limited upgraded the company’s credit rating for fund-based facilities to CRISIL BBB-/Stable for an enhanced amount of ₹60.00 crore. This is an upgrade from the earlier ACUTE BB-rating for facilities amounting to ₹15.00 crore. The rating action reflects an improvement in the company's credit profile.

IPO Fund Utilization

The company confirmed that there were no deviations in the utilization of proceeds raised from its Initial Public Offer (IPO). Out of the gross proceeds of ₹817.15 crore, ₹806.58 crore had been utilized as of March 31, 2026. The remaining funds are allocated for research and development purposes.

Historical Stock Returns for Tunwal e-Motors

1 Day5 Days1 Month6 Months1 Year5 Years
-2.25%-2.43%-6.96%-9.71%-12.14%-57.15%

How does Tunwal E-Motors plan to leverage the enhanced credit limit of ₹60 crore to further expand its distribution network?

What specific R&D initiatives will the remaining IPO proceeds fund to drive future product differentiation?

Will the resignation of Independent Director Mr. Nagraj Mujumdar impact the company's governance strategy going forward?

More News on Tunwal e-Motors

1 Year Returns:-12.14%